16 Hong Kong Monetary Authority • Annual Report 2005 ADVISORY COMMITTEES THE EXCHANGE FUND ADVISORY COMMITTEE Chairman Members The Hon. Henry TANG Ying-yen, GBS, JP Mr Joseph YAM, GBS, JP The Financial Secretary The Monetary Authority Dr The Hon. David LI Kwok-po, LLD, GBS, JP Chairman and Chief Executive The Bank of East Asia Limited Dr The Hon. Marvin CHEUNG Kin-tung, DBA Hon., SBS, JP Professor Richard Y C WONG, SBS, JP Deputy Vice-Chancellor The University of Hong Kong Mr Christopher CHENG Wai-chee, GBS, JP Chairman USI Holdings Limited The Hon. Victor LO Chung-wing, GBS, JP Chairman and Chief Executive Gold Peak Industries (Holdings) Limited Dr Patrick WANG Shui-chung, JP Chairman and Chief Executive Officer Johnson Electric Holdings Limited Peter Sullivan Simon Ip K C Chan Patrick Wang Christopher Cheng Marvin Cheung Joseph Yam Hong Kong Monetary Authority • Annual Report 2005 17 ADVISORY COMMITTEES Mr HE Guangbei Mr David ELDON, GBS, JP Vice Chairman and Chief Executive Chairman Bank of China (Hong Kong) Limited The Hongkong and Shanghai Banking Corporation Limited (until 30 April 2005) Professor K C CHAN Dean of Business and Management Secretary Hong Kong University of Science and Technology Mr Trevor KEEN (from 1 August 2005) The Hon. Henry FAN Hung-ling, SBS, JP Managing Director CITIC Pacific Limited Mr Christopher MUNN (until 31 July 2005) Mr Simon IP Sik-on, JP Mr Thomas KWOK Ping-kwong, JP Vice-Chairman and Managing Director Sun Hung Kai Properties Limited Mr Peter SULLIVAN Executive Director and Chief Executive Officer Standard Chartered Bank (Hong Kong) Limited Mr Vincent CHENG Hoi-chuen, GBS, JP Chairman The Hongkong and Shanghai Banking Corporation Limited (from 6 June 2005) Henry Tang David Li Richard Wong Victor Lo He Guangbei Henry Fan Thomas Kwok Vincent Cheng 18 Hong Kong Monetary Authority • Annual Report 2005 ADVISORY COMMITTEES EXCHANGE FUND ADVISORY COMMITTEE SUB-COMMITTEE STRUCTURE Governance Sub-Committee Oversight Audit Sub-Committee Exchange Fund Advisory Committee Currency Board Sub-Committee Investment Sub-Committee Technical Financial Infrastructure Sub-Committee Hong Kong Monetary Authority • Annual Report 2005 19 ADVISORY COMMITTEES THE EXCHANGE FUND THE EXCHANGE FUND ADVISORY COMMITTEE ADVISORY COMMITTEE GOVERNANCE SUB-COMMITTEE AUDIT SUB-COMMITTEE Chairman Chairman Dr The Hon. Marvin CHEUNG Kin-tung, Dr The Hon. Marvin CHEUNG Kin-tung, DBA Hon., SBS, JP DBA Hon., SBS, JP Members Members Professor Richard Y C WONG, SBS, JP Mr HE Guangbei Deputy Vice-Chancellor Vice Chairman and Chief Executive The University of Hong Kong Bank of China (Hong Kong) Limited Mr Christopher CHENG Wai-chee, GBS, JP Mr Peter SULLIVAN Chairman Executive Director and Chief Executive Officer USI Holdings Limited Standard Chartered Bank (Hong Kong) Limited The Hon. Victor LO Chung-wing, GBS, JP Dr The Hon. David LI Kwok-po, LLD, GBS, JP Chairman and Chief Executive Chairman and Chief Executive Gold Peak Industries (Holdings) Limited The Bank of East Asia Limited (from 7 January 2005) Dr Patrick WANG Shui-chung, JP Chairman and Chief Executive Officer Mr Simon IP Sik-on, JP Johnson Electric Holdings Limited (from 1 June 2005) Professor K C CHAN Mr Vincent CHENG Hoi-chuen, GBS, JP Dean of Business and Management Chairman Hong Kong University of Science and Technology The Hongkong and Shanghai Banking Corporation Limited (from 6 June 2005) The Hon. Henry FAN Hung-ling, SBS, JP Managing Director Mr David ELDON, GBS, JP CITIC Pacific Limited Chairman The Hongkong and Shanghai Banking Corporation Limited Mr Simon IP Sik-on, JP (until 30 April 2005) Mr Thomas KWOK Ping-kwong, JP Secretary Vice-Chairman and Managing Director Mr Trevor KEEN Sun Hung Kai Properties Limited (from 1 August 2005) Secretary Mr Christopher MUNN Mr Trevor KEEN (until 31 July 2005) (from 1 August 2005) Mr Christopher MUNN (until 31 July 2005) 20 Hong Kong Monetary Authority • Annual Report 2005 ADVISORY COMMITTEES THE EXCHANGE FUND ADVISORY COMMITTEE CURRENCY BOARD SUB-COMMITTEE Chairman Mr John GREENWOOD Group Chief Economist Mr Joseph YAM, GBS, JP INVESCO Asset Management Limited The Monetary Authority Professor TSANG Shu-ki Members Department of Economics Hong Kong Baptist University Mr William RYBACK, JP Deputy Chief Executive Professor K C CHAN Hong Kong Monetary Authority Dean of Business and Management Hong Kong University of Science and Technology Mr Peter PANG, JP Deputy Chief Executive Mr HE Guangbei Hong Kong Monetary Authority Chairman The Hong Kong Association of Banks Mr Y K CHOI, JP Deputy Chief Executive Mr Norman CHAN, SBS, JP Hong Kong Monetary Authority (from 1 June 2005) Deputy Chief Executive Hong Kong Monetary Authority (until 26 May 2005) Dr The Hon. David LI Kwok-po, LLD, GBS, JP Chairman and Chief Executive The Bank of East Asia Limited Secretary Mr Trevor KEEN Professor Richard Y C WONG, SBS, JP (from 1 August 2005) Deputy Vice-Chancellor The University of Hong Kong Mr Christopher MUNN (until 31 July 2005) Hong Kong Monetary Authority • Annual Report 2005 21 ADVISORY COMMITTEES THE EXCHANGE FUND ADVISORY COMMITTEE INVESTMENT SUB-COMMITTEE Chairman Mr Peter SULLIVAN Executive Director and Chief Executive Officer Mr Joseph Yam, GBS, JP Standard Chartered Bank (Hong Kong) Limited The Monetary Authority Mr Vincent CHENG Hoi-chuen, GBS, JP Members Chairman The Hongkong and Shanghai Banking Corporation Limited Mr Y K CHOI, JP (from 6 June 2005) Deputy Chief Executive Hong Kong Monetary Authority Mr Norman CHAN, SBS, JP (from 1 June 2005) Deputy Chief Executive Hong Kong Monetary Authority Mr Christopher CHENG Wai-chee, GBS, JP (until 26 May 2005) Chairman USI Holdings Limited Mr David ELDON, GBS, JP Mr HE Guangbei Chairman The Hongkong and Shanghai Banking Corporation Limited Vice Chairman and Chief Executive (until 30 April 2005) Bank of China (Hong Kong) Limited Secretary Professor K C CHAN Dean of Business and Management Mr Trevor KEEN Hong Kong University of Science and Technology (from 1 August 2005) The Hon. Henry FAN Hung-ling, SBS, JP Mr Christopher MUNN Managing Director (until 31 July 2005) CITIC Pacific Limited 22 Hong Kong Monetary Authority • Annual Report 2005 ADVISORY COMMITTEES THE EXCHANGE FUND ADVISORY COMMITTEE FINANCIAL INFRASTRUCTURE SUB-COMMITTEE Chairman Mr Peter SULLIVAN Executive Director and Chief Executive Officer Mr Joseph YAM, GBS, JP Standard Chartered Bank (Hong Kong) Limited The Monetary Authority Mr Vincent CHENG Hoi-chuen, GBS, JP Members Chairman The Hongkong and Shanghai Banking Corporation Limited Mr Y K CHOI, JP (from 6 June 2005) Deputy Chief Executive Hong Kong Monetary Authority Mr Peter PANG, JP (from 1 June 2005) Deputy Chief Executive Hong Kong Monetary Authority Dr The Hon. David LI Kwok-po, LLD, GBS, JP (until 31 May 2005) Chairman and Chief Executive The Bank of East Asia Limited Mr Norman CHAN, SBS, JP Deputy Chief Executive Mr Christopher CHENG Wai-chee, GBS, JP Hong Kong Monetary Authority Chairman (until 26 May 2005) USI Holdings Limited Mr David ELDON, GBS, JP Dr Patrick WANG Shui-chung, JP Chairman Chairman and Chief Executive Officer The Hongkong and Shanghai Banking Corporation Limited Johnson Electric Holdings Limited (until 30 April 2005) Mr HE Guangbei Secretary Vice Chairman and Chief Executive Bank of China (Hong Kong) Limited Mr Trevor KEEN (from 1 August 2005) The Hon. Henry FAN Hung-ling, SBS, JP Managing Director Mr Christopher MUNN CITIC Pacific Limited (until 31 July 2005) Hong Kong Monetary Authority • Annual Report 2005 23 ADVISORY COMMITTEES THE BANKING ADVISORY COMMITTEE Chairman The Hon. Henry TANG Ying-yen, GBS, JP Mr Hideo HIYAMA The Financial Secretary Director, General Manager & Regional Chief Executive Sumitomo Mitsui Banking Corporation Ex Officio Member Hong Kong Branch (from 1 December 2005) Mr Joseph YAM, GBS, JP The Monetary Authority Mr Randolph G SULLIVAN Chief Executive Officer Members DBS Bank (Hong Kong) Limited (from 1 December 2005) The Hon. Frederick MA Si-hang, JP Secretary for Financial Services and the Treasury Mr James C K WONG Chief Executive Officer Mr HE Guangbei The Prudential Assurance Co. Ltd. Vice Chairman and Chief Executive (from 1 December 2005) Bank of China (Hong Kong) Limited Representing Bank of China (Hong Kong) Limited Mrs Angelina P L LEE, JP Partner Mr Peter WONG Tung-shun, JP Woo, Kwan, Lee & Lo Executive Director Solicitors and Notaries The Hongkong and Shanghai Banking Corporation Limited (until 30 November 2005) Representing The Hongkong and Shanghai Banking Corporation Limited Mr Tatsuo TANAKA (from 1 April 2005) Managing Director and Chief Executive Officer for Asia and Oceania The Bank of Tokyo-Mitsubishi, Ltd Mr Peter SULLIVAN (until 30 November 2005) Executive Director and Chief Executive Officer Standard Chartered Bank (Hong Kong) Limited Mr Samuel N TSIEN Representing Standard Chartered Bank (Hong Kong) Limited President and Chief Executive Officer Bank of America (Asia) Limited Mrs Doreen CHAN HUI Dor-lam (until 30 November 2005) President and Chief Executive Officer CITIC Ka Wah Bank Limited Mr David S Y WONG, JP Chairman Mrs Mignonne CHENG Dah Sing Bank Limited Head of North and East Asia (until 30 November 2005) BNP Paribas Mr Raymond C F OR, JP Dr The Hon. David LI Kwok-po, LLD, GBS, JP Executive Director Chairman and Chief Executive The Hongkong and Shanghai Banking Corporation Limited The Bank of East Asia Limited Representing The Hongkong and Shanghai Banking Corporation Limited Ms Maria XUEREB (until 31 March 2005) Financial Services Partner Deloitte Touche Tohmatsu Secretary Ms Ida LIU Mr Ignatius CHAN Tze-ching, JP (from 14 February 2005) Citigroup Country Officer, Hong Kong & Head of Greater China Corporate and Investment Banking Citibank, N.A. Ms Carman CHIU (from 1 December 2005) (until 13 February 2005) 24 Hong Kong Monetary Authority • Annual Report 2005 ADVISORY COMMITTEES THE DEPOSIT-TAKING COMPANIES ADVISORY COMMITTEE Chairman The Hon. Henry TANG Ying-yen, GBS, JP Ms Kitty IU Pui-pui The Financial Secretary Managing Director Scotiabank (Hong Kong) Limited Ex Officio Member (from 21 December 2005) Mr Joseph YAM, GBS, JP Mr MOK Wai-kin The Monetary Authority Director Hang Seng Finance Limited Members (until 31 December 2005) The Hon.